>Reed Elsevier at a glance
----------

>Financial highlights
----------

>Report of the Chairman and the CEO
----------

>Directors
----------

>Operating and financial review
----------

>Product review
----------

>Corporate social responsibility
----------

>Corporate governance
----------

>Summary financial statements
----------

>Investor information
----------

>Annual Report and downloads
----------

 

 

>Introduction
----------

>Science & Medical
----------

>Legal
----------

>Education
----------

>Business
----------

>Reed Elsevier Combined
----------

>Reed Elsevier PLC
----------

>Reed Elsevier NV
----------

>Highlights
----------

>Turnover
----------

>Adjusted operating profit
----------

>Adjusted pre-tax profit
----------

>Adjusted operating cash flow
----------

>Introduction
----------

>Financial results
----------

>Progress on strategy
----------

>Parent company earnings and dividends
----------

>Board changes
----------

>Outlook
----------

>Directors’ biographies
----------

>Summary directors’ remuneration report
----------

>Remuneration policy
----------

>Total shareholder return
----------

>Directors’ emoluments
----------

>Summary of executive share options
 and shareholdings
----------

>Reed Elsevier combined businesses
----------

>Review of operations
----------

>Science & Medical
----------

>Legal
----------

>Education
----------

>Business
----------

>Parent companies
----------

>Forward looking statements
----------

>Introduction
----------

>Science & Medical
----------

>Legal
----------

>Education
----------

>Business
----------

>Introduction
----------

>Facts and figures
----------

>Introduction
----------

>Facts and figures
----------

>Introduction
----------

>Facts and figures
----------

>Introduction
----------

>Facts and figures
----------

>Valuing our people
----------

>Environment
----------

>Community
----------

>Introduction
----------

>Summary report of the directors
----------

>Basis of preparation
----------

>Auditors’ statement
----------

>Summary combined financials
----------

>Reed Elsevier PLC summary financials
----------

>Reed Elsevier NV summary financials
----------

>Summary combined profit and loss account
----------

>Summary combined cash flow statement
----------

>Summary combined balance sheet
----------

>Adjusted figures
----------

>Summary consolidated profit and
 loss account
----------

>Dividends
----------

>Consolidated statement of total recognised
 gains and losses
----------

>Summary consolidated cash flow statement
----------

>Reconciliation of shareholders’ funds
----------

>Summary consolidated balance sheet
----------

>Summary profit and loss account
----------

>Dividends
----------

>Summary cash flow statement
----------

>Reconciliation of shareholders’ funds
----------

>Summary balance sheeet
----------

>Structure
----------

>Corporate governance
----------

>Boards
----------

>Committees
----------

>Internal control
----------

>Going concern
----------

>Shareholder information
----------

>Financial calendar
----------

>Registered offices
----------

>Share price information
----------

>Information for Reed Elsevier PLC
 ordinary shareholders
----------

>Information for Reed Elsevier NV
 ordinary shareholders
----------

>Information for Reed Elsevier PLC
 and Reed Elsevier NV ADS holders
----------

Reed Elsevier Annual review and summary financial statements 2002
     

Business

  90,000
  Arrow Since 1905, Variety has been the entertainment
and media
industry’s premier source of business
news and information. The Variety stable includes
Daily Variety (launched in 1933), Variety Gotham and Variety.com, reaching over 65,000 industry leaders in print and 54,000 online. These publications continued to outperform their market through editorial quality and managing advertising yield, increasing revenues by 9% in advertising markets down by 15% overall.
 
           
  Leading

Three men in discussion

    Woman holding magazine
          
  Arrow Reed Exhibitions’ Infosecurity is the sector’s leading series of trade shows for IT professionals with security responsibilities, an area of high growth. The show attracted over 30,000 visitors and 650 exhibitors in 2002. The show’s own branded IT security news programme keeps the brand both visible and valuable to exhibitors and visitors between events.   Arrow Elsevier, the leading weekly economics and news magazine in The Netherlands, has increased its sales through the introduction of regular special supplements covering topics such as investment, health and education. As well as attracting additional streams of advertising revenue Elsevier specials have helped to increase the circulation of the title. Elsevier specials are provided as free supplements to subscribers, and are also sold on newsstands throughout The Netherlands.
    
    650,000
           
 
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© 2003 Reed Elsevier | Forward looking statements | www.reedelsevier.com